During 2007, Charles Purchased 1,000 Shares of Ryan Corporation Stock

Multiple Choice

During 2007, Charles purchased 1,000 shares of Ryan Corporation stock for $12,000. On February 22, 2018, he sells all the shares for $9,000. On March 15, 2018, he repurchases 1,000 shares of Ryan for $8,000 and holds them until May 29, 2018, when he sells them for $10,000. What is Charles' recognized gain or loss on the May 29, 2018, sale?

A) $1,000 loss.
B) $2,000 gain.
C) $2,000 loss.
D) $1,000 gain.
E) No gain or (loss) recognized